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Plexchat raises $7 million to provide mobile chat platform for gamers

EXCLUSIVE: Plexchat has raised million in venture capital to build chat platform for mobile gamers. It may not sound that exciting or new, but the features in the chat platform are thoughtful, conceived from a gamer’s perspective, and that enabled the company to impress potential investors. The money comes from Raine Ventures as well as First […]

Autotech Ventures closes $120 million first fund to connect automotive giants with startups

With no shortage of venture capital (VC) funds in Silicon Valley and beyond, one VC firm has elected to focus its entire effort on one fast-growing niche. Founded out of Menlo Park, California in 2015, Autotech Ventures has set up shop with a specific focus on automotive startups, bankrolling multi-stage companies that operate across such areas as […]

Another lawsuit targets President Trump, this time for blocking Twitter users

(Reuters) — A free-speech group on Tuesday sued U.S. President Donald Trump for blocking Twitter users from his @realDonaldTrump account, arguing the practice violates the First Amendment of the U.S. Constitution. The lawsuit, brought by the Knight First Amendment Institute at Columbia University in New York and joined by seven individual Twitter users, claims Trump blocked a number of accounts whose owners replied to […]

Fintech startup Curve raises $10 million to combine all your bank cards into one

U.K.-based fintech startup Curve has raised million in a series A round from Santander InnoVentures, Investec, Connect Ventures, Oxford Capital, and a host of individual investors. Founded out of London in 2015, Curve offers a mobile app and bank card that aggregates all your existing bank cards into a single entity. So rather than carrying multiple credit and bank cards around […]

PlayerUnknown’s Battlegrounds gets official streams on Facebook Live

Facebook is one of the new homes for PlayerUnknown’s Battlegrounds live video content from the Bluehole game studio. It announced today that it is planning four broadcasts a month on its Facebook page, and that starts at 7 Pacific (10 p.m. Eastern) tonight. Battlegrounds will still have a presence on other sites, like Twitch, through community streamers and […]

Data shows social following isn’t crucial to successful crowdfunding

GUEST: Crowdfunding is the hot new topic in the startup world. Since the passage of regulations allowing companies to source funding from Main Street American investors, startups have been flocking to crowdfunding platforms to secure capital. But what makes a crowdfunding campaign successful? The most obvious answer is a large social following — a crowd […]

LimeBike is bringing bike-sharing to the masses via business partnerships

Bike-sharing startups are something of a trend of late, with the likes of China’s Ofo yesterday announcing a 0 million raise and Mobike’s recent mammoth 0 million round to spearhead its global rollout. In the U.S., LimeBike recently launched out of stealth with million in funding from such notable investors as Andreessen Horowitz. In its short tenure, LimeBike has already […]

TomTom and Cisco partner to create ‘next generation’ traffic monitoring tech

Network tech titan Cisco is working with TomTom to research and develop what the two are calling an “ultra-fast lane level traffic technology” that supports autonomous driving. Cisco already operates in the connected transport realm, offering a range of sensors, controllers, and routers that connect systems to improve things like traffic flow. With TomTom on board, […]

Alphabet’s AI arm DeepMind opens research lab in Canada, first outside the U.K.

Alphabet’s artificial intelligence (AI) subsidiary DeepMind has opened its first international research lab in Edmonton, Canada, in partnership with the University of Alberta (UAlberta). This move represents the company’s first research hub outside the U.K. Founded out of the U.K. in 2010, Google acquired DeepMind for around 0 million four years later. DeepMind departed its own […]

Samsung plans $18 billion South Korea investment to grow its semiconductor chip lead

Samsung Electronics has announced that it is pumping 20.4 trillion won ( billion) of new investment into growing its semiconductor manufacturing facilities in South Korea. While consumers may first associate the brand with smartphones and televisions, Samsung is the world’s largest producer of memory chips. According to data compiled by Bloomberg, semiconductors generated almost half […]